menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Principles for a Changing World
  4. Exam
    Exam 5: Elasticity
  5. Question
    A Demand Curve That Is Inelastic
Solved

A Demand Curve That Is Inelastic

Question 156

Question 156

Multiple Choice

A demand curve that is inelastic


A) means that buyers are very sensitive to price changes.
B) has an elasticity value of 1.
C) has a positive slope.
D) has an elasticity value between 0 and 1.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q151: If a producer lowers its price from

Q152: If the prices of the following commodities

Q153: For inferior goods, when an individual's income

Q154: When there are many substitutes for a

Q155: (Figure: Determining Tax Burdens) Based on the

Q157: Describe how time affects price elasticity of

Q158: If hot dogs and relish are complements,

Q159: Suppose that the quantity demanded of a

Q160: Suppose the price of a bag of

Q161: (Figure) The figure shows two supply curves

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines